The economic indicator that provides a quarterly estimate of the output of goods and services by labor and property in the U.S.is the
A)Consumer Sentiment Index
B)Gross Domestic Product
C)Buying Power Index
D)Consumer Confidence Index

Question

Quizplus · Accepted Answer

The Gross Domestic Product (GDP) provides an estimate of the total output of goods and services in the US economy by labor and property. The Consumer Sentiment Index, Consumer Confidence Index, and Buying Power Index are all measures of consumer attitudes and spending power and do not provide a measure of total output.

The Economic Indicator That Provides a Quarterly Estimate of the Output